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Technip Energies N.V. (THNPF)

Other OTC - Other OTC Delayed price. Currency in USD
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10.90+0.14 (+1.29%)
At close: 10:01AM EDT

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  • T
    Awarded the FEED for a large lng project for Total today, FID and full epc likely late 22 or 23, but positive sign for Technip. Europe needs gas to replace Russian supply, PNG projects are obvious to help offset. GLTA.
  • D
    Received 100 shares from the spinoff...started around $14/shr.
  • M
    let's get to 300 a.share
  • j
    I got into the spinoff a lttle late because i was still long on AOUT, But I got in at $16.14 a share. Being an investor, I was reading the prospectus they had before the spinoff. Important thing to note here is that TechnipFMC still owns about 50% of THNPY still and plans to exit within 18 months. Also, note that companies do spinoffs like these to create shareholder value. AT LEAST WORTH $29 A SHARE EASILY.
  • N

    It is lonely as most don't even know the ticker symbol yet. Also no shares into accounts yet either.

  • p
    Got my THNPY shares (spinoff). Anyone use Quicken? Just wondering how to made the entry.
  • J
    well hello
  • u
    The company is working on a major LNG expansion for Qatar LNG .They worked on the original plants for many years partnered with the Japanese. Will be a decade run project.
  • y
    Backlog stats doesn't carry much weigh when company isn't showing strong sign of growth in top and bottom lines. Many projects take 5+ years, so the orders are just get into the queue and clients could be cancelled if need to.
  • y
    It is on my watch list. Technip Energy's focus appears to be more stable and appealing than its parent's focus on offshore drilling.
  • B
    If you held FTI long options don’t you get options for this too now?
  • y
    Based on 2020 report released last year, Russia makes up 30% of THNPY's business. That's not a small number, and not counting unpaid payable bills.
  • i
  • D
    anyone got shares yet from spin off
  • f
    * 2021 recurring EBIT margin of 6.5% vs estimate of at least 6%

    * 2021 revenue of 6.67 bln euros vs estimate of 6.5-6.8 bln euros

    * Plans to propose a "maiden" dividend of 0.45 euros per share

    * Sees 2022 revenue reach 5.0-5.5 bln euros, excluding Russia (Adds details, share move, analysts' comments)

    By Juliette Portala

    March 3 (Reuters) - Technip Energies has renounced new business opportunities in Russia following its invasion of Ukraine, the head of the French oil and gas services provider said on Thursday, as its full-year margin guidance drove up shares.

    "We have ceased to work on future business opportunities in Russia," Arnaud Pieton said in an earnings statement, but added that the potential financial impact of the crisis was "contained".

    BP, Shell and ExxonMobil are among the oil majors that have announced plans to exit positions and joint ventures in Russia amid crippling sanctions on the energy-rich nation for what it calls a "special operation" in Ukraine.

    By the end of December, about 3.8 billion euros ($4.22 billion), or 23% of Technip Energies' order backlog, was related to Russian projects in execution, said the firm, which specialises in engineering and technology for the energy sector.

    Against this backdrop, the firm pointed to a strong balance sheet, positive project cash flows and contractual protections, allowing it to provide what analysts qualified as standout margin guidance.

    "The 2022 margin guide stands out, particularly on an ex-Russia basis," J.P. Morgan analysts wrote in a note to clients.

    Technip Energies expects an adjusted core profit (recurring EBIT) margin of at least 6.5% in 2022, excluding an estimated EBIT contribution of less than 70 million euros from projects under execution in Russia.

    Shares, which had lost more than a fifth since news of last week's Russian invasion, soared more than 19% in morning trading to the top of France's SBF 120 index, for their best day ever.

    As Russia exports about 4 million to 5 million barrels per day of crude oil, the International Energy Agency (IEA) agreed on Tuesday to release 60 million barrels from emergency reserves to put a lid on market gains.

    However, Goldman Sachs warned this would not be sufficient to bridge the shortfall in supply stemming from the Ukraine invasion or hold down prices. ($1=0.9010 euros) (Reporting by Juliette Portala, editing by Christopher Cushing and David Evans)
  • M
    I was wondering how I got 20 shares out of nowhere. There was a spinoff?
  • l
    Why so long to receive the adr, it started trading on 23 so obviously there has been a distribution of sorts
  • G
    Giorgos Sideris
    i got my technip energies shares today. but unfortunately its some kind of locked. i can only sell and the price is at 0.01 cent only!!! can someone explain #$%$